It also completed the refinancing of the existing debt of the beneficiary.
The financing was granted by the European Bank for Reconstruction and Development and by UniCredit Bank S.A., with UniCredit Bank S.A. acting as agent and security agent.
Law firm RTPR provided complex assistance to Innova Capital, for all aspects regarding M&A, competition and the financing of transaction.
PayPoint Romania collects over 100 million bill payments for 85% of Romanian utility and telecom providers through a wide network of retail sites. Apart from bill-payments, it also offers mobile top-ups, money transfers and credit/debit card acceptance services.
Innova said in October 2020 it had agreed to buy PayPoint Services SRL and Payzone SA in Romania.
In the financial year ended 31st March 2020, PayPoint Romania delivered gross revenue of £69.7 million and a profit before tax of £6.8 million.